43-45 High Street West Glossop Derbyshire SK13 8AZ

43-45 High Street West
Glossop
Derbyshire
SK13 8AZ

Freehold Retail Investment

Let to Superdrug Plc (by way of recently completed Lease Renewal)
5 year lease from September 2021
(subject to option)
Tenant in occupation for over 25 years
Nearby occupiers include Aldi, Greggs, Subway, Costa Coffee and Boots the Chemist
Approximately 300m from Glossop Train Station
Historic Peak District Market Town

Lot
27
Auction
13th December 2021
Rent
£35,300 per Annum Exclusive
Status
Sold
Price
£425,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Let to Superdrug Plc (by way of recently completed Lease Renewal)
5 year lease from September 2021
(subject to option)
Tenant in occupation for over 25 years
Nearby occupiers include Aldi, Greggs, Subway, Costa Coffee and Boots the Chemist
Approximately 300m from Glossop Train Station
Historic Peak District Market Town

Lot 27
Auction 13th December 2021
Rent £35,300 per Annum Exclusive
Status Sold
Price £425,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 13 Miles South-East of Manchester; 24 Miles North-West of Sheffield
Roads: A57, M67 (J4)
Rail: Glossop
Air: Manchester Airport

Situation

Glossop is a popular and historic Market Town located immediately west of the Peak District National Park on the A57, the principle route through the peak district between Manchester and Sheffield. The property is situated on the south side of High Street West within approximately 300m of Glossop Railway station. Nearby occupiers include Aldi, Greggs, Subway, Costa Coffee and Boots.

Tenure

Freehold.

Location

Miles: 13 Miles South-East of Manchester; 24 Miles North-West of Sheffield
Roads: A57, M67 (J4)
Rail: Glossop
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First	Retail/Ancillary Ancillary	197.79 sq m 71.90 sq m	(2,129 sq ft) (774 sq ft)	SUPERDRUG STORES PLC (1)	5 years from 24/09/2021 (2) on a full repairing & insuring lease	£35,300 (3)
Total		269.69 sq m	(2,903 sq ft)			£35,300 (3)

(1) For the year ending 26/12/2020, Superdrug Stores Plc reported a turnover of £1,111,403,000, pre-tax profits of £18,763,000 and total shareholder's equity of £321,635,000 (NorthRow 17/11/2021).
(2) The lease is subject to a tenant option to determine on 24/09/2024.
(3) The tenant is paying half rent until 29/06/2022, after which the rent reverts to £35,300 pa. The Vendor has agreed to top up the completion monies so that the property produces £35,300 pa from completion of the sale until the half rent period ends. Please see Special Conditions of Sale.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.